Mar 16, 2011

Premarket View 16.03.2011

Option reading index for today is (-) 7.65 rise from last trading figure of (+) 0.35 suggests selling pressure. 

Std.Param
Tenken - 5490, Kijun - 5392, Span A - 5442, Span B - 5679, 20DMA - 5466. Price close below Tenkensen. Cloud width broadening indicating enhanced volatility. Downtrend next major support at 5225.
Short Param
Tenkensen - 5455, Kijun - 5420, Span A - 5437, Span B - 5420. Price below Tenkensen . Possibility for bearish kumo crossover. Yesterday Price trying to penetrate kumo in downside. Flat support at 5400 holding the market. Major downside support only at near 5200 levels. Cautious Trading times..

 

2 comments:

manu said...

sri..hi..

rbi sting coming..i will wait for any buy /sell after 2mmrw..

u seem fishing something..
g-sec:)

sriganeshh said...

hi manu,

sorry for late comment. am fishing something..????